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a big move. >> lastly, citi goes buy to hold bhp. >> people ask me what i'm worried become it is the endless pressure in the my earth and the materials. free port yesterday, 32. bhp, looks like -- these are rolling ever. the junior gold minors are horrendous. joint global up yesterday on rumors. why are these going down so hard? >> you think god is overdone? >> i like gold az as an allocation, a currency. these miners, they are the weakest, they are terrible. terrible stocks. ran gold, a well run company. >> going back to late 11. >> the euro, by the way, looks -- versus the dollar, the euro really come down. something to watch with the metals, rio tinto a fine company, bhp a fine company. rolling over that is worrisome. i don't think they are done rolling over. >>> home builders falling sharply last few days. an analyst says there is another sector you can play to make money off of housing, the opening bell on a thursday is just minutes away. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
professional life. he'll also talk a little bit of time at citi. that's been controversial, as you guys have pointed out. the question to a lot of lawmakers is, what exactly did jack lew while he worked at citi for the money he collected. he'll describe himself as a changed agent inside citi. he doesn't mention at all in the prepared remarks anything about this fund that he invested in, that was based in the cayman islands. that's likely to be controversial. we're likely to hear several questions about that one. david, the prepared testimony is one thing, but when then get to the q&a, they'll bear down on what jack lew has to say. carl. >> eamon, there's some discussion how his grilling might be a little bit light, only because republicans haven't really coalesced around a whole lot of opposition. >> yeah, i think the consensus is, they might bang him up a little bit in the hearing. but the expectation is he'll get through and the president will get his man. jack lew has been scrutinized in the past for a variety of jobs. he's a well-known figure here in washington. a lot of republicans don'
. the market declared brick and mortar stores dead. what's the other store. circuit city went out of business. there's only a few left. people are tactile to a certainly degree and i think people are going to like brick and mortar and stop from shoe rooming. i think best buy a decent buy, stop at 15. >> that sounds interesting. let's move to rchl bc capital, upgrading mgm to outperform to sect or perform, increasing the target to $16. rbc seeing catalyst to unlock further equity including expectations of dividend from mgm china. they think mgm can regain it's new license. shares up there over 21%. what do you think, jim? >> when i look at it, i think the reasons they picked out were good. the china dividend and gaming license, that's good. when i look at a stock that had a 50% rally, 48% since mid november, i start to think people are not going to buy, rally so much. to me looks like the chart could go lower by a buck. >> thank you so much. had a little audio hit. one of the biggest stories, influential man on wall street, michelle will tell you about. >> absolutely. on wall street fighting i
threatening situation. already, national weather service posted blizzard warnings from new york city to hartford, boston, up to portland, maine. this is going to be a big storm. it is starting off as two storms. one to the north, one to the south here. they're going to come together, one with the cold air, one with a lot of moisture and develop, really get cranking during the day, into the evening on friday, this is how it plays out. not quite together yet and then in the evening, things are really going to go downhill. heavy snow, this does include new york city, 95 to boston. the storm now as one overnight friday into saturday. and it's still going to be hanging in there saturday evening for parts of new england. when it's all said and done, so than two feet of snow. and it's possible new york city and long island, foot, maria, maybe a foot and a half. >> all right, chris. thank you so much. we have to gear up for that. appreciate that. my thoughts on a potential trouble spot for the markets. that's next in observation. stay with us. with fidelity's new options platform, we've comp
of resources. when you need a lot of resources to move all those 400,000 people to the city. >> a couple of headlines from the new york stock exchange. regarding winter storm, they say they do expect business as usual. this is according to a spokesperson. keeping member firms and traders informed of the weather reports. remember, we had some issues during sandy, obviously, where the exchange had to work mightily to open. it says it has contingency plans in effect. the surge they're talking here in new york is three to five feet. sandy was 13 feet. >> far different. >> ostensibly under a lot less pressure, but you never know what the storm's going to bring. >> up in the boston area, i believe it could be more significant. and again, with the high tides, highest tide of the month, what time will the surge be. i know there's a lot of focus on that. >> people should listen to the safety. >> watching shares of linkedin today. all new-time highs. blowing past expectations with its earnings. revenues up 81%. mostly coming from linkedin's recruitment services. stocks up almost 80% in the last 12
outside new york city and our cnbc headquarters. it is bad and it's getting worse. the big worry now, power outages. believe it or not, there were gas lines last night. >> and a different kind of storm brewing in washington over the automatic cuts known as sequestration. today the white house came out with a forecast on what would happen if they do kick in, and it makes the nor'easter look like a snow flurry. we'll separate fact from fiction on that later. stay with us. ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ oh this is lame, investors could lose tens of thousands of dollars on their 401(k) to hidden fees. is that what you're looking for, like a hidden fee in your giant mom bag? maybe i have them... oh that's right i don't because i rolled my account over to e-trade where... woah. okay... they don't have hidden fees... hey fern. the junk drawer? why would they... is that my gerbil? you said he moved to a tiny farm. that's it, i'm running away. no, no you can't c
some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> it is time for final trade time. pete, kick us off. >> bank of america ready to break out and get towards 13. >> mtw, construction trade, i ththe going to continue to move. >> steve weiss. >> qualcomm, running a sale, time to get it if you don't own it. >> that does it for us live goldman tech conference in san francisco. "power lunch" starts now. >> hello. welcome to "power lunch." michelle caruso-cabrera. in for sue and tyler. apple ceo tim cook making big headlines. the fight with hedge fund manager david einhorn and cannibalization of the company's product. more on that fallout. >> also mead china factor, las vegas rolling out red carpet for chinese new year tourist, which casino stock stands to win big. >> "sports illustrated" swimsuit edition hits news stands today. i bet you already knew that. supermodel kate upton on the cover for the second year running. she's going to join us live here on "power lunch." we don't want to miss that. >> in the meantime,
. chrw. a lot of buying of may 60 calls. >> stock correcting more than 10%. bought citi yesterday and more this morning. >> tesla. among the june 40 calls, unfairly beaten up. >> tweet me. that does it for us. can you see more "fast" at 5:00 tonight. big snap back. dow marching towards all time closing highs. right now up 130 points and "power" starts now. >> it is 1:00 in the east. welcome, everybody. on wall street we have several breaking stories to tell you about. big news on apple and price line today. apple's shareholder's meeting and a day after a big report on priceline. we have that company's ceo. let's look at apple shares for the upday on the market. we will delve deeply into apple in just a moment. meantime, priceline, let's take a look that one. sort of the massive performance over the last few years at $698 even. it is higher by 19.51 at this instance. sue is at the new york stock exchange. hi, sue. >> hi, ty. we have a strong market day today. markets are popping on very solid economic news. durable goods numbers and good earnings. and of course ben bernanke's reaff
to fail, the sequester and how he missed the crisis at citi. >>> is it time to say good-bye to the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the strongest since august, which was 86%, thanks to mkm partners. the number of them that have outpaced expectations is pretty big, relative to everything else. >> this is historically the one month i don't care abou
in boston. many cities are telling residents, don't travel if you don't have to. airlines are now warning the blizzard could cripple travel and hundreds of flights have already been canceled. we're going to check in one on friends at the weather channel. just a couple of minutes for their latest forecast. also in the news, the justice department in multiple states reportedly discussing suing moody's for defrauding investors. any move likely to make a similar rival against standard & poors is testing likely so this likely to be more than two years out. the goal is to get more battle on potentially hazard just flights, so these flights will only happens. now let's head across the country to joe and becky and see what they have coming up this morning. joe, how was your week on the course? >> yeah, i had only one day in the tournament and it was one of those days that i'm used to out here. >> it was beautiful weather. >> it was beautiful weather and i hit a lot of different kinds of shots. when a professional golfer says that, they mean they intentionally hit a a lot of different kinds of sho
for cablevision in a very long time. david, in the meantime, we want to call your attention to vatican city. pope benedict xvi stepping down after nearly eight years as pontiff after unexpectedly announcing his resignation on february 11th for health reasons. you can see him walking down the hall here. he's expected to depart vatican city by helicopter heading to castel gandolfo where he will take up temporary residence until his new residence outside of vatican city is complete. once he steps into the castel gandolfo, the doors will closed and it is complete. >> thousands of people stormed into st. peter's square to watch this happen. they put big screen televisions inside the vatican grounds for the public to watch what is happening. it's hard to get a vantage point of the scale if you've never been there but isn't that just an amazing thing to watch? >> and historic are, given that we haven't seen anything like this in 600 years, right? >> i wasn't there but obviously you were, david. eagerly checking the stocks. >> yes, i was. >> interesting this morning, cardinal dolan of new york was asked
>>> well, "the economist" is out with its list of most expensive cities in the world based on the price of everyday items. at number five, we have melbourne, australia, my hometown where, unfortunately, a loaf of bread there will set you back an average of $4.84. oslo, norway, very expensive city, a pack of smokes governments 15 bucked and number three, sydney, a bottle of table wine will cost you $25 which is a disgrace considering how much wine we produce and the runner up osaka, japan, where a dinner for four costs you $950. world's most expensive city, tokyo, loaf of bread, $9.60. >> thanks for watching "street signs," everybody. >> "closing bell" is next. >> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm embroemo at the new york stock exchange. this market trying to finish and retake that 14,000 level, not so fast. >> we're coming back here. i'm bill griffith. a see-saw day so far, the market's february volatility does continue and setting up to be an interesting final hour of trade, this being the most important hour of the day. as we've
york city start with rain as we have two systems. one, a clipper across the midwest bringing detroit and michigan some snow but also the southern snow giving south some rain. they will come together an form a new storm, a nor'easter off-shore. as they do so we will plenty of wind, rain and snow and both storms mean business. let's put this in motion by friday evening. plenty of wind and rain and some wind gusts, 40, 50 miles per hour and some models that say these could be stronger than that. it is not just friday and friday night. new york city might start with rain. but crashing over hard to snow and the snow does not stop until sometime saturday for you. and this is slowing down into sunday. so saturday and sunday of additional snow. especially for new england. the bull's eye is here, so people are out of it. say philly, d.c. were you're out of this system in terms of heavy snow where the bull's eye is is the boston area. if we get behind the low side, that might be a foot of snow in boston. worst case scenario, perhaps three times that amount in the areas in and north and west of
private partnership in the cayman islands. he happened to invest in partnerships when he was at citi, and they happened to be based there. >> in romney's case he set them up down there? >> no, he didn't. i was not making -- i never made the cayman islands argument to you ever. >> oh! about romney? >> i never did. go back and check the tapes. never. >> i don't think he ever did. >> i think -- >> i don't think he did. >> in general, just the whole perception. now al gore's got more money, a lot more money than romney, as you know. you think that's in the cayman islands? >> he's not filthy rich. no, that's somewhere safe, the lea -- the middle east. >> as the ocean washes across the country, it's safe, probably in gold. >>> in the markets, the futures are fight slightly higher. yesterday the dow was up by 47 point. the s&p up by two. as patty dawn points out, the nasdaq has been the big issue. it was actually down yesterday by five points. it has not closed above the 3,200 level that so many had been watching closely. some say in order to see the s&p 500 and the dow break out to new hig
with their foams and cameras that showed the bags in question, the tent city in question. people who had a room with an actual window were much happier. we interviewed some of those folks last night. it wasn't as hot or smelly in their room. they were probably on an upper deck, so depending on where you were on the boat, as always. 100 buses were waiting last night to either new orleans or to galveston, which is where the boat originally disembarked from. there's going be about a dozen charter flights today by delta to get everybody home. back to you guys. >> all right, mcc, thank you. we want to hear from you, if not on a cruise ship, where would you rather be stuck? what would a better place to be rather than on a cruise ship? >> how about right here at work? >> right here at work? >> filling in for andrew ross sorkin. >> filling in for andrew ross sorkin. it smells fine in here right now. you showered this morning? i did, too. it's friday. so i did, as well. it's underwear change day, shower day, everything else. >> once a week you shower? >> is that tmi? no, no. when we were out in pebble,
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of the world's 1 billion catholics. claudia lavonnia now with more from vatican city. >> reporter: hello. it's been quite a day here at the vatican. of course we haven't seen this as you said in about 700 years now. the last pope that resigned or rather abdicated, let's say, was in 1294. it was the fifth. now back then it was called the great refusal by him. this time pope benedict xvi said well, i am stepping down. i just can't take it anymore. the tasks of the pontiff is just too much for me. i'm letting a younger pope take over and bring it on for the 1.2 billion catholics worldwide. certainly this was unexpected. he said he was tired, but nobody thought or expected that it would come down to step down as a matter of fact. >> thank you very much for that. we're going to talk more about that. and i'm sure it's been quite a day there in vatican city. also putting italy front and center for two important elections coming up. the presidential election due out at the end of the month. fernando napolitano is with me. he is holding a summit today in new york focussed on investing in italian comp
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. we have breaking news on apple. let's get to scott wapner right now. scott? >> reporter: all right, maria, t
of this, you don't even have to look hard for t.cities like albuquerque, new mexico, raised its minimum wage at the beginning of the year, and you're already seeing headlines there, you know, restaurant cutbacks, restaurant that cut hours two days a week and opted not to hire six new employees. i mean, these are actual on-the-ground consequences that are happening, so if ken wants to -- wants to give his employees a raise, that's fine, but we don't need the government to mandate that for all other businesses, especially marginal businesses that can't affit. >> well, what's the answer then to moving needle on the middle class? how do you think you should do it? >> who is earning the minimum wage who is trying to help. one in six people who earns the minimum wage is a single parent supporting children, so let's say we're trying to help that group. do something like expanding the earned income tax credit which will boost their wages through the tax code instead of a mandate on employers. shown to reduce poverty unlike the minimum wage which has been shown not to reduce poverty. >> that's a
. >> maybe somebody heard something with regard to a banker, some banker was going that city. putting two and two together. making a good bet. not based on actual knowledge but a bet that a lot of people follow that. they cash in, suddenly there's the huge action in the options. sec's right to look at it. they can put people other oath. people want to testify -- here's what i saw, what i did. the evidence that people are trading ahead of the deal is not evidence that they knew it was going happen. they figured it out. >> let me throw one other piece of news -- >> the -- at the monsanto -- >> i used to track plans. you can't do it anymore. very hard to track plans. >> get out on a moped and follow sir larns wiwrence wildman -- >> i believe that's legal as long as you're not tapping lines. >> it eerie. >> dell, they had earnings. i don't think new england care good the earnings, they --in cared about the earnings, they cared about the buyout. >> i think it's sad and public shareholders take a longer term view is the only reason this company is going private is because michael dell and silve
at citi's expectations. trade's been volatile. shares fractionally lower. >>> let's check the broader landscape. two european markets are a little higher. xetera dax adding .3 after a strong performance yesterday on the strong zew survey. bond rates, we haven't seen as much focus on the space. it tells you something. the ten year in spain, 5.15%, under 4.4 for italy ahead of the elections on sunday. over to forex, the euro yesterday was initially stronger. gave up ground. today, adding .2% to 134. the yen giving up another .3%, heading back toward the 93 level. for more let's check in with li from singapore. >> reporter: thank you. asian shares climbed to the highest level in 1.5 years on an improving global outlook. the nikkei managed to close at a 52-month high despite a record trade deficit in january. investors are still awaiting the decision for the next boj chief. toyota shares gained 1.7% after thenique reports. the carmaker will ramp up production in april by 10% on expectations of higher domestic sales and more profitability due to a weaker yen. japan tobacco lost 1% an reute
digging out for you. hamden, connecticut, 40 inches. in portland, the biggest snow in city history, 32 inches of snow falling in portland, maine. we have a messy commute for you, more freezing snow, more rain rolling in. for new york, it will be all rain for you. put it on top of the foot of snow that you had, it's a crummy morning. light snow rolling in towards boston and freezing rain, temperatures at 26 degrees. 3 below in bangor. in the capital district about 32. in new york, temperatures close to 42 degrees this morning. a little bit more snow to go, mostly through northern new england, as much as half a foot. and in watertown. but now, in addition to that, the staff has gotten very, very active. yesterday evening, a tornado touching down in hattiesberg, mississippi. many people injured, hitting southern mississippi campus here. more storms firing up this morning, not ruling out tornados. more storms in pensacola, florida, including val ves ton and houston. low chance of tornado, but a high threat for flooding. guys, no matter how you slice it, north or south, some very unwelcome
of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> happy monday. welcome back to "squawk on the street." we'll begin with tech. jim short sounding the alarm of the apple bulls who screamed buy before the stock went down. we'll find out how many analysts failed to see that. >>> pope benedict will resign at the end of the month citing health concerns. what does it mean for the vatican and who could be next. >>> google shares down after hitting an all-time high last week, surging over 10% since the beginning of the year. are the charts pointing to more of a pullback ahead. >>> first, a lot of news out on tech this morning. certainly over the weekend we found google executive chairman eric schmidt is selling roughly 42% of his stake in google, in a move that could net him more than $2.5 billion. jon fortt has more from san jose. he joins us live. is it a surprise that schmidt should be such a heavy seller now? >> maybe a little bit of a surprise. not as big as the pope saying he's on his way out. but schmidt owns about 7.6 million sh
cities. siemens. answers. >>> welcome back to a news packed "squawk on the street." road map for the next hour, m and a hitting the street, berkshire and 3g buying heinz for $20 million including debt. we'll ask a long time berkshire shareholder how he feels about the deal. >> comments on the merger in the skies between us airways and american airlines. it is a cnbc exclusive. >> ceo of zillow joins us, shares surging 20% after record fourth quarter earnings. his initial reaction live in just a few moments. first back to the huge news of the day. warren buffett's berkshire hathaway and 3g buying heinz. bring in the man who broke the story. andrew sorkin. thanks. walk us through the history of this deal. >> this deal -- thank you, carl. the deal came about starting in december when actually the folks at 3g reached out to warren buffett. we do have warren buffett describing the transaction. it is for $72.50. the premium, 20%. should note 20% off its highs. that is something not though sneeze at. take a listen to what warren buffett had to say about the transaction. >> we're putting up more
. the cold is what's moving in here. dangerous windchills, 15 the below sfee row in the twin citys, 1 is in chicago and 13 in indianapolis. lots of layers for all the kids who are going back to school today. then we catch our next storm, this little pin wheel around the oregon coast. this will dive down around california today and is be a pretty big snowmaker. coast to coast, 6 to 12 inches in the snowfall mountains. plenty of snow here around the wasatch. these amounts in the appalachians, on the order of 1 to 3 inches today 37 back to you guys. >> beck can he can't believe what she just heard about that cold weather. eric, they're melg me, you didn't know it was 25 degrees. >> it's warmed up in minneapolis since earlier today. >> such balmy weather. >> it's like, i've known this, right? >> we're here to educate. >> eric, i rely on the weather channel. tell us something, andrew -- >> he did. he just told me it's 2:22 in nairobi. >> you need singapore time? >> you know what else? the clock when you put them all in, andrew, am i right? if it's nice, the clocks are dark. if it's daytime
driven downturn. >> and there are forecasts now. i thought it was nomura city. whichever bank, i apologize. talking about spanish gdp by 4%. >> one shouldn't exaggerate. span entered the crisis in a relatively comfortable position debtwise. the problem is, the scale of the economic downturn and the fact that the -- the costs of the bank bailout have been basically settled, have saddled spain to even higher debt. that's clearly undermined spain's creditworthiness. >> the thing is, is what we're seeing here just something that's going on in january? because with such easy money in the world and the fact that if you're a fixed income investor, real returns are negative. are we driving fixed income investors not just in the sovereign market, but, you know, they're not going to -- they can't switch out of fixed income into equity. we talk about them looking at structured credit now seems to be flying, investment grade is overvalued. i wonder if that's what's going on here, if you can find the spanish debt at 5%, it's still better than other stuff you could buy. >> what we're seeing he
quarter. maybe some positive news there. tina, from citi, she's been taking a look at what the president has to do, i guess, in his second term or what he's expected to do. what i loved was your point, how did you put it? fiscal deals or compromise tend to disappear in washington like -- >> the bermuda triangle. >> you don't have high hopes for compromise here? >> no. most politicians in the developed world, and the u.s. very much within this, it's not going to see -- i'm not going to provide fertile ground for grand bargains. politicians like to talk about it. this is their way of saying, we're ready to do a deal, but it's those guys, they won't compromise. we think we'll see more of this piecemeal last minute compromises. >> and we're fating critical issues in the u.s. people might be aware of the fiscal cliff, but there's the continuing resolution, there's the sequester that goes into effect march 1st. should we hold our breath for compromise here? and, again, the issue is being forced because these are situations in which if there's no action, something still happens. >> that's right
.75%. declines on the part of bank of america and citi, down more than 1% apiece. technology, it follows the theme all throughout 2013 so far, technology is slightly lower. although we do have apple trading higher today. the fact that apple of late seems to be bucking the trend of the markets. whenever that trend happens to be. today is a downtrend, apple trading higher. certainly for the year, it has been that the markets rallied without apple. in spite of apple we should note. it is still the second largest company by market capitalization on the s&p. >> they're very close, exxon and apple. and we have to mention facebook. i mention facebook because the shares are down over 3%. adding to losses that have started to add up percentagewise for this company, after reported what were not great earnings. at least when you look at mobile and the growth there. again, that according to some who follow the company closely, who were not as perhaps enthused as they otherwise might have been. >> within the realm of this sort of large cap, technology leaders, google getting a downgrade today. google
city, in is a tricky forecast for you. you're right on the line. we know it's going to snow. the question is, how much is it going to snow. we've got you in the 6 to 12 inch range right now. that would be the biggest storm of the year so far. northern new jersey, some big snow totals and in lesser amounts if you move south and west. don't think you're going to have to go very far to get into the north or east to get into the bigger snow totals. poughkeepsie, eastern long island, things will be significantly worse than we see in the city itself. timing there is late tomorrow and into tomorrow night. you see amounts tapering off as you head farther south and west. the idea here is that a lot of people see a foot of snow. some people say two feet of snow. maybe in a few spots in and around boston we could see three feet of snowfall out of this one. your top five snowstorms, the biggest, presidents' day in 2003. some model res saying we may beat that total in boston. not written in stone, but these are ones that everybody remembers. we stop that, that indeed will be something to
's calling in at jfk. everyone is trying to get out of the city before the storm hits. but everything starting from now is basically canceled. >> it will be hard. if you are stuck, there's within thing you can do. >> which is? >> turn the tv on. >> and watch cnbcwex. >> get your food in -- >> and -- >> no, no, the entire channel is fine. you don't have to just watch "worldwide exchange." there are worse things you could do. >>> still to come on the show, apple says it's considering returning cash to shareholders after coming under pressure from david einhorn. more details when we come back. . this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "
of america's biggest cities. siemens. answers. >>> only 25 minutes before tim cook addresses the goldman sachs technology conference. we'll break down what we can expect to hear from cook and what does it mean for apple stock today. great to see you. >> hello. >> what are you expecting to hear from cook today? >> yes. he's going to speak at the conference and we don't think he'll get into too much details over there. at this point, where the stock is, we think he'll address two things. strategy and products. they said they're actively looking at the cash balance. we expect them to increase dividends and have more buybacks. we think he's not going to get into details, but they're going to indicate their willingness to do that. on new products, they'll definitely talk about new products before the actual launch. but i think he's going to talk about the confidence in the new product pipeline. >> do you think that tim cook's playbook will change a little bit, given the pressure that he might be feeling from shareholders, like a david einhorn? and the focus that apple's been under, and the sc
expect ed melissa le x back to you. >> we are watching gold, it's heading for a six month low. citi making some bearish comments about gold and if it's in the process of peaking new, industries suggest gold could go into hibernation for a long time. meantime, the g-20 finance ministers in moscow also weighing on the metals markets, looking to see how they will deal with currency wars and in term of the pricing of the precious metal. we also saw a lot of hedge fund managers and granted they are a snapshot of where they stood at the end of last quarter, but some notable moves in terms of gold, tsiros, pimco cutting their bets in gold. >> the citi note's interesting. they say if history is repeating itself and you had the bull market in the '70s followed by years in the '80s, we cannot look for gold to exceed 1950 in the next 20 years if it is peaking at the moment. they call it a long cycle metal. it tends to do that for a long time. would disappoint a lot of people who still see inflation as a longer term challenge. >> right and there's a surprising report from the world gold council
regulatory pressure and you can't buy a big gulp in new york city anymore. what would you rather own, coca-cola, 100% beverages or pepsico, which is only 40% beverages and 60% snacks? pepsico is being saved by frito-lay and global foods division. let's have a taste test with pepsico snacks and coca-cola snacks. not fair. and, look, the beverage business is healthier, it's got the gatorade, and tropicana juices, and 40% of the beverage volume is noncarbonated and only 20% is full sugar soda. within that 20% they have mountain dew. i had one for lunch, maybe you can tell. bizarrely, one of the most popular brands out there. mountain dew is on fire in india. mountain dew, india. can't make this up. pepsi has a major restructuring program underway. cut out layers of middle management, reduced head count. business speak for laying off people to deliver $3 billion in savings by 2015, and it can use the money it's saving to support its brands. restructuring improved the brand by $3 million, and pepsico can break itself up into a beverage company and snack company. something coca-cola can't do. an
. >>> it was a budget day in hong kong. we'll head out east to get all the data as the city's poised to enjoy a return to higher growth. >>> and we fly tout singapore to speak to the global head of trade at hspc who think that the face of trade is changing as more high-end products are due to be exported out of emerging markets. >>> bides all of that -- besides all of that, the focus is on the auction in italy. that will hit the tape in an hour and ten minutes. how much will italy have to pay for its political impasse? rome looking to sell between three and four billion euros of a ten-year issue. this was the six-month auction producing the most since 2012, up around 50 basis points. this is where the euro is trading ahead of the auction. 130.79 where we stand currently. yesterday we were down at seven-week low of around 1,317 -- 1.3017. it's warned in italy that a loss of investor confidence could increase borrowing costs and reignite the debt crisis. as for italy's politicians, the leader of the center left coalition has vowed that he would try to form a government and seek an alliance that would re
. it's really a tale of two cities, right? you've got the market feeling great from the get-go, mutual fund inflows. you feel the market wanted to go higher in january. it carried over a little bit into february. but there's been no follow-through really on the volume. and the other metrics you would look at. a little better on options. so it's interesting. now the question is, do things like sequestration and what's going on in italy right now throw us a few curveballs we don't really need right now. >> or maybe our volume levels are down for good. >> could be. >> people just say that's the wave. >> the investors are certainly turning over their portfolios less than they were. they're moving into higher asset classes now. maybe we have to get used to a new normal on volumes. >> derivatives strong, divide that up pretty good in the yields. that can work for everybody. >> i think the strategy in the merger really is a divide and conquer strategy. stapling on our interest rate complex to their commodity and energy franchise. gives us more time to focus on the nyse assets here. so i'm exc
systems go. and cramer fave kansas city southern, ksu, $103, all-time record and it may be in talks to build a major hub to bring oil to texas refineries. shipping by train. and important to get an outlet for the domestic oil, and ksu is the preferred way to play it. a terrific stock because of the smoking hot mexican trunk line. how do we know this isn't a blip? you see companies make truck engines and components like cummins, $2.39 and remarkable runs all, nowhere near as amazing as boeing. the supposedly hobled pitiful helpless giant maker of planes that isn't supposed to be able to fly any time soon, if you read the press reports. why the heck 66 cents from the 52-week high, how about because they play huge orders with the companies, because it may be, despite what the press reports you hear and see the financest manufacturer in the world. they will fick this problem faster than anyone believes possible. that abundance of order makes sense given airlines are the most solvent i have ever seen them and i think -- get this. stop trading for a moment. i any united continental, delta
powering some of america's biggest cities. siemens. answers. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>> with the you do and the s&p 500 hitting new five-year highs at this point, we want to mention google crossing a milestone, above $800 a share. $801.60 is the last number here. it trades at a multiple of about 25. we'll talk to a fund manager about google a little later on in the show. let's check in with diana ol olick with breaking news. >> that's right, diana. home builder confidence took a step backward. the national association of home builders monthly sentiment index fel
, give me some loving. apple's not even on the top 50 of citi's new global champions. >> really? >> apple's not even on the list. >> holy cow. >> but the question is, why should it be on the list? >> coach is on the list. >> nine times earnings. coach is on the list? >> should go buy coach. buy a man bag. >> man purse. >> are we saying that on the list, which i have here somewhere, that apple's not one of the best 50? >> best 50 what, though? >> listen, maybe that's the bottom. >> coach, cummins -- >> i like cummins. >> ebay. >> i like ebay. >> speaking of watches, you can get a fossil instead of a swatch. >> listen, man, fossil, i told you yesterday fossil is going to determine whether that apple watch is better than the google glasses. >> google's on the top 50 list. >> i believe that. >> i'm going to 1,001 right now. >> where is brian white? >> right. that almost -- i don't want to say it topped the stock. when you start to get the really far out there price targets on apple, that's when the cracks in the story started to really -- >> look, here's capital oil and gas. one of the best p
distinguished career as a federal prosecutor right here in new york city where she took on some major cases against wall street interests. >> that's right. >> so i think president obama's pick of mary jo white really was based on her proven track record as a senior federal prosecutor and her ability to get tough settlements from wall street and weighing that against her potential conflicts from representing certain wall street firms. i think it's a small price to pay, and the s.e.c. does have policies and procedures in place to deal with conflicts, but it shouldn't disqualify a person of mary jo white's caliber from serving as a chairwoman. >> that's a great point. >> andrew? >> ihinkou hit the nail on the head. it is sort of an optics issue, and the s.e.c. is trying to get a new reputation, after missing bernie madoff and allen stanford, they are trying to create a new s.e.c., and when you have the chairperson not being able to take part in crucial, crucial enforcement actions, as a minimum the optics are horrific. >> well, we will see what happens. thank you, gentleman, for your thoughts
in and dig out. another big concern especially in some of the areas outside of the city is a loss of power. these winds are going to get to hurricane strength in some areas, and that's going to threaten the power lines. now, over the last day or day and a half, we've obviously seen a run on all of the hardware and home improvement stores in this area. but also the grocery stores. people getting the food they need to sustain themselves for several days, saying they realize they will probably be in their homes for an extended period of time. that's the very latest here in boston. i'm jay gray, nbc news. now back to you. >> all right. many thanks to jay gray. we appreciate it. >>> now, the president might have some senate democrats on his side as they scramble to find replacement cuts for the march 1st across the board sequester. but according to the latest from ace pollster scott rasmussen, only 36% of likely voters think oklahoma should find a way to stop the automatic cuts from going into effect. scott rasmussen, founder and president of rusmussen report joined me. scott as always welcome
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. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> welcome back. mary thompson is stepping in now with some breaking news on that fight between greenlight capital and apple. mary. >> reporter: that's right. it's a victory for david einhorn's greenlight capital. judge richard sullivan ruling in favor of greenlight capital. einhorn had sought to block shareholders from voting on proposal two of apple's proxy. the judge basically granting that injunction, and had a this means is that apple is blocked from allowing share holders to vote on whether or not the firm should issue pref
, nokia, cincinnati bell, ford motor, jpmorgan and citi. all among the big movers today in terms of volume. with overall volume today also picking up and volume has been, of course, picking this up week with -- with overall volume not looking overall so heavy today but certainly picking up in the last half an hour or so. all-time high, 14,164. we're very close to it right now. meanwhile, since months ago, value investor bob olstein told cnbc that amazon could drop 50% over the next few years. since then the stock has done well moving higher. that hasn't stopped olstein from staying bearish on the stock. in fact, now he's calling amazon a ticking bomb on valuation. he says the wrong price for investors is what they are looking at. surprised short sellers are not piling in on this stock. >> bob joins us now along with cnbc's gary kaminsky who is a bit more positive on amazon, and, bob, we certainly want to get your take on the rally at large as we march towards these new all-time highs. let's go amazon first. people always cite valuation if they are trying to nay say on amazon. what's differ
schools and city university of new york and ibm, students will graduate with a high school diploma and an associates degree in computers or engineering. we need to give every american students opportunities like this. and four years ago -- four years ago we started race to the top, the competition that convinced almost every state to develop smarter curriculum and higher standards, all for about 1% of what we spent on education each year. tonight i'm announcing a new challenge to redesign america's high schools so they better equip graduates for the demands of a high-tech economy. and we'll reward schools that develop new partnerships with colleges and employers and create classes that focus on science, technology, engineering, and math. the skills today's employers are looking for to fill the jobs that are there right now and will be there in the future. now even with better high schools, most young people will need some higher education. it's a simple fact. the more education you've got, the more likely you are to have a good job and work your way into the middle class. today's s
thought he was impeccable -- i mean. >> he was at citi for awhile. >> he was at sit ty for like two years or something. we're not talking about a lot of time. >> some of these things were when he was at the university and the questions are about what they paid him and it hasn't been -- >> there are different standards applied -- >> again you are shocked that in washington people take sides that they're on? >> it doesn't seem to bother anyone in the media, though, except for "the wall street journal." i don't see "the washington post" carping. i don't see your paper carping. >> i've read a lot of it. >> not "the new york times." >> "the washington post" has done some -- >> they have a great -- what's her name? she's great down there, rubin? i mean she's -- she stands out. >> but he's -- look, he's -- he was a career technocrat for the most part. >> i know. >> and with the exception -- >> these are your selling points for why he'd be a great -- >> look i'm not going to make you that argument. i'm going to make you the argument that the stuff at happened at citigroup is like a rare intermiss
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